Crosstex Energy Completes $150 Million Increase in and Amendment to Credit Facility

DALLAS--(BUSINESS WIRE)--Jan. 24, 2012--
Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) today announced
the completion of a $150 million increase in and amendment to the
Partnership’s revolving credit facility. The amendment to the
Partnership’s existing credit facility raises total borrowing capacity
to $635 million and provides additional financial flexibility during the
remaining four-year term of the facility. The revolving credit facility
is supported by a syndicate of 17 banks led by Bank of America Merrill
Lynch as the lead arranger.

“Our strong operational and financial performance has allowed us to
improve our credit facility, and we appreciate the support of our lender
group that facilitated this transaction,” said Barry E. Davis, Crosstex
President and Chief Executive Officer. “The amendment gives us the
necessary financial flexibility so we can execute our growth strategy
with confidence. We are taking advantage of numerous opportunities in
this robust environment to expand our business while continuing to
provide our customers with top-quality service and building value for
our investors.”

About the Crosstex Energy Companies

Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates approximately 3,300 miles of pipeline, nine processing
plants and three fractionators. The Partnership currently provides
services for 3.2 billion cubic feet of natural gas per day, or
approximately six percent of marketed U.S. daily production.

This press release contains forward-looking statements within the
meaning of the federal securities laws. These statements are based on
certain assumptions made by the Partnership and the Corporation based
upon management’s experience and perception of historical trends,
current conditions, expected future developments and other factors the
Partnership and the Corporation believe are appropriate in the
circumstances.These statements include, but are not limited to,
statements with respect to the Partnership’s financial flexibility and
prospects.Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Partnership and the Corporation, which may cause the
Partnership’s and the Corporation’s actual results to differ materially
from those implied or expressed by the forward-looking statements.These
risks include, but are not limited to, risks discussed in the
Partnership’s and the Corporation’s filings with the Securities and
Exchange Commission. We therefore caution you against relying on any of
these forward-looking statements.The Partnership and the
Corporation have no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.